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Calendar Year

2012 in US Banking

998 bank events are on record for 2012: 51 failures, 612 mergers or acquisitions involving a bank, credit union or bank holding company, and 335 enforcement actions.

51
Failures
$11.62B in failed assets
612
Mergers
Federal Reserve NIC, banking organizations
335
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2012 · Bank mergers 2012

How many banks failed in 2012?

51 banks failed in 2012, with $11.62B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Jan 20, 2012 American Eagle Savings Bank Boothwyn, PA $19.3M Capital Bank, N.A.

Which banks merged in 2012?

612 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2012.

See the fuller list: Bank mergers 2012 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 8, 2012 White Hall Bank IL Peoples Bank & Trust
Dec 8, 2012 Wemple State Bank IL Peoples Bank & Trust
Dec 6, 2012 The Troy State Bank KS Exchange Bank & Trust
Dec 6, 2012 City National Bancshares, Inc. NE BBJ Incorporated
Dec 6, 2012 CNB Community Bank NE First National Bank in Ord
Dec 3, 2012 Santa Barbara Bank & Trust, National Association CA MUFG Union Bank, National Association
Dec 3, 2012 Pacific Capital Bancorp CA Mufg Americas Holdings Corporation
Dec 2, 2012 Kapalama Pacific Federal Credit Union HI Hawaii Central Federal Credit Union
Dec 1, 2012 Armstrong Preferred Members Federal Credit Union IL Illiana Financial Credit Union
Dec 1, 2012 Oasis Bank, SSB TX Spirit of Texas Bank, SSB
Dec 1, 2012 Osage Bancshares, Inc. OK American Bancorporation, Inc.
Dec 1, 2012 VantageSouth Bank NC Vantagesouth Bank
Dec 1, 2012 Bank 1st Financial Corporation NM Main Banc, Inc.
Dec 1, 2012 Lone Summit Bank MO Great American Bank
Dec 1, 2012 California Community Bank CA Regents Bank, N.A.
Dec 1, 2012 First Trust Bank NC Bank of North Carolina
Dec 1, 2012 Western Reserve Bank OH Westfield Bank, FSB
Dec 1, 2012 Western Reserve Bancorp, Inc. OH Westfield Bancorp
Dec 1, 2012 Bank 1st NM Main Bank
Dec 1, 2012 Select Bank MI First Community Bank
Dec 1, 2012 Campello Bancorp MA Eastern Bankshares Inc
Dec 1, 2012 Premier Bank FL Centennial Bank
Dec 1, 2012 Fidelity Bancorp, Inc. PA WesBanco, Inc.
Dec 1, 2012 PlainsCapital Corporation TX PlainsCapital Corporation
Dec 1, 2012 First Southeast Missouri Bancorporation, Inc. MO Reliable Community Bancshares, Inc.
Dec 1, 2012 Sulphur Community Bancshares, Inc. OK Vision Bancshares, Inc.
Dec 1, 2012 Kit Carson Insurance Agency, Inc. CO Weed Investment Group, Inc.
Dec 1, 2012 Garment Workers Federal Credit Union MA Saint Anthony of Padua Federal Credit Union
Dec 1, 2012 Citizens Bank of Blythedale MO Verimore Bank
Dec 1, 2012 T & P Federal Credit Union TX Cosden Federal Credit Union
Dec 1, 2012 State Bank of Ledyard IA Bank Plus
Dec 1, 2012 Merrimack College Federal Credit Union MA Brightbridge Credit Union
Dec 1, 2012 Wrigley Associates Credit Union IL Healthcare Associates Credit Union
Dec 1, 2012 Security Bank and Trust Company MO The Bank of Missouri
Dec 1, 2012 Fannie Mae Federal Credit Union DC The Partnership Federal Credit Union
Dec 1, 2012 Total Assurance Federal Credit Union OH Telhio Credit Union, Inc.
Dec 1, 2012 Fidelity Savings Bank PA WesBanco Bank, Inc.
Dec 1, 2012 Health Care Professionals of Napa Federal Credit Union CA Community First Credit Union
Dec 1, 2012 Yale Security, Inc. Federal Credit Union NC Lithium Federal Credit Union
Dec 1, 2012 Koloa Federal Credit Union HI Garden Island Federal Credit Union
Dec 1, 2012 Trailview Federal Credit Union OH Sun Federal Credit Union
Dec 1, 2012 E*trade United Bank VA E*trade Bank
Dec 1, 2012 Hull Federal Savings Bank MD Kopernik Bank
Dec 1, 2012 Niagara County's Federal Credit Union NY Niagara's Choice Federal Credit Union
Dec 1, 2012 Community Bank of the Arbuckles OK Vision Bank
Dec 1, 2012 New River Valley Truck Plant Federal Credit Union VA Truliant Federal Credit Union
Dec 1, 2012 State Bank of Prairie du Rocher IL Buena Vista National Bank
Dec 1, 2012 Circle K Credit Union IA Integrus Credit Union
Dec 1, 2012 East Coast Credit Union NC Piedmont Advantage Credit Union
Dec 1, 2012 Southwest Missouri Credit Union MO Multipli Credit Union

The list holds 500 of the 612 mergers recorded for 2012.

Enforcement Actions in 2012

Action date Agency Institution Action
Jun 27, 2012 OCC Merchants Bank of California, N.A. Civil Money Penalty (CMP): Scott, Phil
Jun 26, 2012
Released Jun 28, 2012		 FRB Village Bank and Trust Financial Corp. Written Agreement: Village Bank and Trust Financial Corp, Midlothian, Virginia
Jun 25, 2012 FRB First Banking Center Section 19 Letters: Sarah L. Bilotti
Jun 25, 2012 FRB (individual) Section 19 Letters: Sandra Ramos
Jun 25, 2012 FRB Cole Taylor Trust Company Section 19 Letters: Cynthia Merchant
Jun 25, 2012 FRB (individual) Section 19 Letters: Cynthia A. Grzyb
Jun 25, 2012 OCC The First National Bank of Manchester Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank of Manchester
Jun 22, 2012
Released Jun 26, 2012		 FRB Crown Bankshares, Inc. Written Agreement: Crown Bankshares, Inc., Edina, Minnesota
Jun 21, 2012
Released Jun 26, 2012		 FRB (individual) Written Agreement: Delmar Bancorp, Salisbury, Maryland
Jun 21, 2012 OCC Central Savings, F.S.B. Formal Agreement: Central FS & LA of Chicago
Jun 21, 2012 OCC Trust Company of Maine, Inc. Formal Agreement: The Bank of Maine
Jun 20, 2012 OCC Putnam Bank Formal Agreement: Putnam Bank
Jun 18, 2012
Released Jun 21, 2012		 FRB Frontier National Corporation Written Agreement: Frontier National Corporation, Chelsea, Alabama
Jun 15, 2012 OCC Commonwealth National Bank Formal Agreement: Commonwealth National Bank
Jun 15, 2012 OCC Borrego Springs Bank, National Association Formal Agreement: Borrego Springs Bank, National Association
Jun 13, 2012 OCC Presidential Bank, FSB Civil Money Penalty (CMP): Presidential Bank, FSB
Jun 13, 2012
Released Jun 21, 2012		 FRB (individual) Written Agreement: One Financial Corporation, Little Rock, Arkansas
Jun 12, 2012
Released Jun 13, 2012		 FRB (individual) Prohibition from Banking: Jerry J. Williams
Jun 11, 2012
Released Jun 14, 2012		 FRB Grant Park Bancshares, Inc. Written Agreement: Grant Park Bancshares, Inc., Grant Park, Illinois
Jun 8, 2012
Released Jun 14, 2012		 FRB First Security Bank of Malta Prompt Corrective Action: First Security Bank of Malta, Malta, Montana
Jun 8, 2012 OCC Abacus Federal Savings Bank Suspension Order for Criminal Conduct: Zhao, Yi Yi
Jun 8, 2012
Released Jun 14, 2012		 FRB (individual) Written Agreement: Commerzbank AG, Frankfurt am Main, Germany, and Commerzbank AG New York Branch, …
Jun 8, 2012 OCC First Federal Savings Bank Formal Agreement: First Federal Savings Bank
Jun 8, 2012
Released Jun 14, 2012		 FRB (individual) Written Agreement: Robertson Holding Company, L.P., Unified Shares, LLC, Commercial Bancgroup, Inc., Commercial Bank, …
Jun 6, 2012
Released Jun 12, 2012		 FRB Coloeast Bankshares, Inc. Written Agreement: ColoEast Bankshares, Inc., Lamar, Colorado
Jun 6, 2012 OCC The Baraboo National Bank Prohibition/Removal Orders: Jenks, Bradley J.
Jun 6, 2012 OCC The Baraboo National Bank C&D or PC&D Requiring Restitution: Jenks, Bradley J.
Jun 5, 2012
Released Jun 14, 2012		 FRB Calvert Financial Corporation Written Agreement: Calvert Financial Corporation and Mainstreet Bank, both of Ashland, Missouri
Jun 5, 2012
Released Jun 12, 2012		 FRB First Trust Corporation Written Agreement: First Trust Corporation, New Orleans, Louisiana
Jun 5, 2012 OCC Summit National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Summit National Bank
Jun 5, 2012 OCC The First National Bank of Wellston Formal Agreement: The First National Bank of Wellston
Jun 4, 2012 OCC Old National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Old National Bank
May 30, 2012 OCC BLC Bank N.A. Prohibition/Removal Orders: Kroesen, Misty (formerly Misty May)
May 30, 2012 OCC BLC Bank N.A. Prohibition/Removal Orders: Kroesen, Curtis
May 29, 2012 OCC Newton Federal Bank Formal Agreement: Newton Federal Bank
May 25, 2012
Released Jun 5, 2012		 FRB Mariner's Bancorp Written Agreement: Mariner's Bancorp, Edgewater, New Jersey
May 25, 2012 OCC Fidelity Bancorp, Inc. Formal Agreement: Fidelity National Bank
May 23, 2012 OCC Clay County Savings Bank Formal Agreement: Clay County Savings Bank
May 23, 2012 OCC The First National Bank of Shelby Suspension Order for Criminal Conduct: Durham, Thomas E.
May 23, 2012
Released May 29, 2012		 FRB (individual) Prompt Corrective Action: Premier Bank, Denver, Colorado
May 23, 2012 FRB Royal Bank of Canada Section 19 Letters: Linda G. Allison
May 23, 2012 OCC One National Bancshares, Inc. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): One Bank & Trust, National Association
May 22, 2012 OCC American Commercial Bank & Trust, N.A. Formal Agreement: The First National Bank of Ottawa
May 22, 2012 OCC North American Savings Bank, FSB Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): North American Savings Bank, FSB
May 18, 2012 OCC Hopkins Bancorp, Inc. Civil Money Penalty (CMP): Lapidus, Alvin
May 18, 2012 OCC Hopkins Bancorp, Inc. Civil Money Penalty (CMP): Cohen, Steven
May 9, 2012 OCC Priority Bank Notice of Charges: Priority Bank
May 9, 2012
Released May 15, 2012		 FRB Grand Bankshares, Inc. Written Agreement: Grand Bankshares, Inc., West Palm Beach, Florida
May 9, 2012 OCC Carolina Federal Savings Bank Prompt Corrective Action (PCA) Directive: Carolina Federal Savings Bank
May 7, 2012
Released Sep 19, 2017		 FRB AB&T Financial Corporation Written Agreement: AB&T Financial Corporation, Gastonia, North Carolina

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